Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Exactly why SP Angel reiterate their target of 90p!!
Because I believe they truely have grasped the potential of Bushveld Energy with the VRFB market. As Bushveld say themselves, that BE has the potential to be 10 x the size of the mining business. Well even at today's mcap that is a multi billion dollar business. I'm super confident that this will happen here...but you gotta have that patience to be rewarded! LTH's have what it takes to see their just reward. Eskom tender news any day now. I'm also very bullish that there will be other BE deals to be announced very soon.
If any investors looking in are wondering what BMN investors get excited about, then this link posted by SloppyG last week sums it up nicely about the future of Bushveld Energy and the size of the market.
https://www.utilitydive.com/news/private-equity-investment-in-storage-expected-to-increase-as-ecp-buys-conve/558629/
Even though the pace of investments in energy storage currently lag behind those in solar, the size of the energy storage market is expected to be significantly larger than the solar sector.
"When we talk about solar, you're just talking about solar, but energy storage applies to solar, wind or any other source of energy, so it will definitely be much bigger compared to solar going forward," Raj Prabhu, CEO and co-founder of Mercom Capital Group, told Utility Dive.
Another important distinction when it comes to the ECP-Convergent deal is that it is not an investment in technology but in projects, Wedding said.
"Anytime you get involved in funding projects, the dollar amounts get much larger," he said.
The energy storage sector is a multi-billion, trillion dollar market going forward, and a deal like this catches the interest of other investors, Prabhu added.
"Nobody wants to be left out," he said. "Anytime something like this comes out, it actually helps all other companies. And also, it peaks other investors' attention...
I've posted this question before but not much response. Has anyone being involved with an outright sale of a coal mine AND power plant that has both BFS completed and financing in place. That is where Lemur is going to be very soon.
Last Q1 update:
Key Highlights
Lemur has signed a Project Preparation Finance (“PPF”) facility agreement with the Development Bank of Southern Africa (“DBSA”) for an amount of US$1 million.
The facility will assist in funding the completion of the project development activities and advisory services for the Imaloto Project, thereby enabling Lemur to reach financial close1.
Review and sign-off of the power bankable feasibility study (“BFS”) has been completed by Sinohydro.
Review of opencast mine BFS completed. Optimisation exercise underway to consider the inclusion of underground mining within the development plan.
Engineering, Procurement and Construction (“EPC”) contract negotiations for the power plant are progressing.Social and Environmental Impact Assessment (“SEIA”) fieldwork ongoing and on track to be completed in Q2 CY2019.
Negotiations with potential lenders are progressing.
Almost 4 years work has gone into Lemur post acquisition. This is a big development that would demand a hefty price tag for an outright sale?
Or will BMN go to production with a smaller stake? Never say never. Personally I'd rather these two options than float.
WollyCharlie...Dont you realise that Solgold are only an explorer at this stage. The gold price can do what it likes for the next 'x' number of years until they're into production. BMN are producing Now, and Very soon producing from two very significant plants, Vametco and Vanchem.
That is ofcourse just the current V products that those processing facilities are engineered for. Oh but then we have the Electrolyte plant being built at East London, due to be producing next year. Oh and then we have the mammoth BE business coming of age! I wont go on about Lemur post BFS, or One billion tonnes of Iron ore or Phosphate or titanium....
You pop in here and spout nonsense in hindsight. Solgold have to earn money from shareholders by equity raises to continue exploration. And yet there share price is higher. Please dont try and tell investors here we need luck. I very much see it the other way around in your analogy.
I believe SPAngel probably understand the value BE holds here better than the other brokers and that is why they are very comfortable with the higher valuation. They have an inside seat and know very well how the vanadium mining business fits into the overall BMN/BE business plans. The other brokers appear to me to have less focus on the upcoming VRFB markets which has huge potential. If for example BMN land part of the imminent Eskom tender then ARC and BMO will be flapping around in the water. SPA seem to have grasped the overall business objectives much better imo.
Ninja...personally I think most LTH's are well aware a dividend will come, eventually. But I also believe that most would rather all cash flows over the coming year be reinvested into growth of the business. All the hype about dividends was way over done earlier in the year and would rather not see a repeat of all that. Grow the business, get BE generating significant earnings, then let's talk dividends. Dividends will be far sweeter by then...for all invested I'm sure.Just my opinion.
Just got to ride this out as frustrating as it is. There is no way this company deserves to be valued where it is currently. There is way to much going on with BMN than just current V price. BE will dwarf the mining side very quickly now they have agreed initial contract on electrolyte leasing model.
Vanadium Mining - Vanadium Prosessing (various)- Electrolyte Manufacture - Direct sales of Electrolyte - Leasing Electrolyte - VRFB sales - VRFB Assembly - VRFB & Solar investment projects
And then we can start with Afrtin stake in Tin , Lithium & Tantalum
Then LEMUR coal and power plant, post BFS stage!
Then ONE BILLION tonnes of Iron ore (current price anyone?)
Then Titanium & Phosphate.
I think Richken and Ophidian have some values of the above resources.
24p!! What a joke when you look across AIM and Main markets as well. Ludicrous under valuation. Dont get me going with BMO, not sure of their agenda at present, either incredibly lazy or other. ARC correct in MISPRICING at this price.
But Well done SPAngel for recognising FUTURE...imminent value...that's what investing is all about...surely!!
Wont it be fantastic when BMN and the odd other forward thinking company can start taking Vanadium out of the 90% dependant steel market and into the growing VRFB market. Which companys are going to significantly prosper then! And what will happen to V prices for the growing steel market that will be dependant on what may well become a reduced supply of V to them. The future looks very bright indeed for BMN.
Why we are so undervalued in comparison to some other AIM stocks. For example I know SOLG are currently trading around 32p. I know they're not earning a bean currently as not in production...BMN 2018 sales approaching 200 million dollars. I thought ahh SOLG will have an extremely low share issue...nope 1.8 billion whereas BMN 1.1 billion With the mineral assets we have plus Bushveld Energy stepping upto the plate & Lemur. I don't generally do comparisons like this but just from curiosity I looked. I wont mention SXX will be approaching 10 billion shares before long. ARC are certainly right that it's a mispricing currently for BMN
So REMX sold 25 million shares, mostly in the space of 2 weeks? Someone bought those 25 million shares that REMX obviously sold in exactly the same time frame? No wonder noone is worried about a short with that buying power going on! All very strange how REMX have been in and out so fast and another buyer lurking to take all the stock. It really is starting to feel like the consolidation phase before the big move from the 8p region...and we all know where that bull move went.
Vanchem deal closed very soon so we can start using that V for electrolyte for... 'Bushveld Energy reckons VFRB tech is a front-runner to meet South Africa growing need for energy storage. It’s preparing to tender for the massive 360MW/1440MwH battery energy storage systems (BESS) project launched by Eskom, the countries biggest electricity provider.' That long term plan coming together brilliantly! And that long term plan is now upon us. When you look at the jigsaw pieces being put in place from months and years back, it clearly shows what masters of strategy the BOD are in BMN.